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The Central Statistics Agency (BPS) reported that Indonesia's exports were valued at US$17.7 billion in July 2021. This figure represents a 4.5% decrease compared to June 2021, which reached US$18.5 billion. However, the annual export value in July 2021 grew by 29.32%.
The month-on-month decline in exports was due to a 33.46% decrease in non-oil and gas exports, falling from US$17.3 billion in June 2021 to US$16.7 billion in July 2021. Meanwhile, oil and gas exports decreased by 19.55%, from US$1.23 billion in June 2021 to US$991.2 million the following month.
BPS Head Margo Yuwono explained that the monthly decline in exports was due to seasonal patterns two months after Ramadan. The decrease in July 2021 was attributed to the sharp increase in exports in June 2021, following lower export values in the previous month due to the Eid al-Fitr holiday.
Similarly, Indonesia's import value decreased by 12.2%, from US$17.2 billion in June 2021 to US$15.1 billion the following month. However, Indonesia's import value increased by 40.32% year-on-year in July 2021.
The month-on-month decline in imports was due to a 22.3% reduction in oil and gas imports, falling from US$2.3 billion in June 2021 to US$1.8 billion in July 2021. Specifically, crude oil imports decreased by 71.8% to US$274.5 million, while oil product imports fell by 1.5% to US$1.1 billion. Only gas imports increased, rising by 88.8% to US$428.9 million.
Meanwhile, non-oil and gas imports were recorded at US$13.3 billion in July 2021, a 10.7% decrease from the previous month's US$14.9 billion.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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